Indentors vs. Direct Procurement: Pros and Cons in Chemicals and Pharma
Indenting and direct procurement are different approaches to sourcing materials and products for businesses like chemicals and pharmaceuticals. Each approach has its own set of pros and cons. In this article, we look into both types of procurement, talking about the pros and cons of each. Understanding Indentors Indenting involves using intermediaries or middlemen, often called indentors or sourcing agents, to facilitate the procurement process. These intermediaries connect buyers with manufacturers and suppliers as a bridge between the two parties. The process indentors follow is referred to as indirect procurement. This type of procurement involves processing products and services that are not among the finished goods of a chemical or pharmaceutical company. These goods may be used for IT, marketing, and facility maintenance. The supplies often include providing office needs for security systems and HR. Pros of Indentors The use of indentors has many benefits, which often include th...